Slowing Trade Hits Global Manufacturing
“Thank the trade war, which means no improvement is likely anytime soon,” Ian Shepherdson, chief economist at Pantheon Macroeconomics, said in a note to clients, referring to the ISM reading, Continue Reading
European factory activity shrinks at most rapid pace since 2012
Europe’s manufacturing slump deepened in September, as a key gauge of factory activity fell to a near-seven year low and industry executives remained downbeat about the year ahead. The purchasing managers’ Continue Reading
IEA Might Revise Down Oil Demand Growth Forecasts, Again
If the pace of global economy deteriorates further, the International Energy Agency (IEA) could revise down again its oil demand growth expectations for this year and next, the IEA’s executive Continue Reading
Trump struggles to achieve 3 percent economic goal as growth slows
President Trump has touted the economy during his administration. (Jabin Botsford/The Washington Post) The U.S. economy slowed in the spring, falling to a level that most economists consider healthy but Continue Reading
Why stimulus can’t fix our energy problems
Economists tell us that within the economy there is a lot of substitutability, and they are correct. However, there are a couple of not-so-minor details that they overlook: There is Continue Reading
US capex forecasts plummet as growth jitters resurface
Spending by big US companies on plants and equipment is waning as the sug; rush from last year’s tax cut wears off and the trade stand-off with China damps confidence Continue Reading
U.S. job growth accelerates; wages rise moderately
U.S. job growth rebounded strongly in June as government hiring surged, but persistent moderate wage gains and mounting evidence that the economy was losing momentum could still encourage the Federal Continue Reading
U.S. Auto Sales Slipped in First Half of 2019 as Prices Surged
Major auto makers saw U.S. new-vehicle sales slip in the first half of 2019, which is expected to continue for the remainder of the year as the U.S. auto industry’s Continue Reading
Global manufacturing slump deepens as trade conflict bites
The global manufacturing slump deepened in June, with data from round the world illustrating the extent to which the US-China trade conflict is weighing on growth. A global manufacturing index produced Continue Reading
U.S. Manufacturing Slips in June
The U.S. factory sector lost momentum again last month, the latest sign that anemic global growth and trade tensions are contributing to a domestic slowdown. The Institute for Supply Management Continue Reading